Harris Teeter has multiple locations across the Baltimore area, including a new store in Canton, the report noted.

Kroger also may soon be lowering prices across its Harris Teeter banner. According to the report, Kroger SVP and CFO Michael Schlotman told analysts earlier this week that Harris Teeter prices were actually higher than the consumer perception of those prices. "The actual pricing at Harris Teeter, going into the time of the merger, was a little worse than the customer’s perception of the pricing,” he said during the J.P. Morgan Consumer and Retail Conference in London earlier this week.

But lower prices will not necessarily translate into lower margins — Kroger has stated it expects to achieve between $40 million and $50 million in its acquisition of Harris Teeter, and those synergies will be used to reinvest into the franchise.

Poll

Poll

Which of the current U.S. Presidential hopefuls do you think would be best for your business?

Hillary Clinton

Jeb Bush

Donald Trump

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Ben Carson

Scott Walker

Marco Rubio

Rand Paul

Chris Christie

Mike Huckabee

SPECIAL REPORTS

Pharmacy’s battle for recognition continues

Fifty years ago this summer, President Lyndon B. Johnson secured his place in history by signing into law the legislation that created Medicare and Medicaid. To commemorate the anniversary, Drug Store News has put together an exclusive report on the effect that Medicare and Medicaid have had on the retail pharmacy industry and how it has transformed the role of the pharmacist. more...

IN THIS ISSUE

In this issue, DSN profiles Rite Aid and how the company is achieving a vision to become a retail healthcare company that delivers a higher level of care to its communities; takes you on a tour of Sears; offers insight into millennial shoppers and more. Click here to view the issue.